Category Archives: General

Top 20 Toronto neighborhoods to invest in 2018

Top 20 Toronto neighborhoods to invest in 2018 can assist Professional real estate investors as well as first time buyers to look into the possibility of highest growth in the coming future.

“Toronto is one of the best places to invest in Canada,” according to Navtaj Chandhoke,founder of Professional real estate investors group (PREIG) Canada. Toronto is world class city with tremendous opportunities.The last complete census by Statistics Canada estimated there were 2,731,571 living in Toronto,making it the largest city in Canada,and the fifth most populous municipality in North America. Over the next 20 years, Toronto is expected to continue its moderate growth, surpassing 3 million by 2026, and reaching nearly 3.2 million in 2036.

Please fill up the form to get a copy of Top 20 Toronto neighborhoods to invest in 2018. Your suggestions will be greatly appreciated.

The Greater Toronto Area (GTA) is the most populous metropolitan area in Canada.It consists of the central city of Toronto and the four regional municipalities which surround it: Durham, Halton, Peel, and York.As of the 2016 census, the Greater Toronto Area has a population of 6,417,516,and has a census metropolitan area population of 5,928,040.

Top 20 Toronto neighborhoods to invest in 2018

Golden Horseshoe

The regional span of the Greater Toronto Area is sometimes combined with the city of Hamilton,Ontario and its surrounding region, to form the Greater Toronto and Hamilton Area.The Greater Toronto Area anchors a much larger unofficial urban agglomeration known as the Golden Horseshoe and an area officially designated as the Greater Golden Horseshoe.

Toronto real estate is one of the top hottest markets in Canada. For the past 15 years, properties have multiplied in value. Few reasons for high appreciation are high demand, low interest rate, low unemployment. Apart from foreign (overseas) investors and change of family structure there’s a new generation which prefer to live in a condo. Based upon recent information 5-10% of Toronto properties are owned by foreign investors. In North America, Toronto might be the only city with such a high density of high rise condos. Due to lack of space, the only way to expand the city is vertically.

Rapid price appreciation in the GTA defined the market during the first four months of the year before buyer concerns over affordability prompted the Ontario government to introduce its 16-point ‘Fair Housing Plan’ in April,2017. Following the introduction of new regulations, including a 15% tax on foreign buyers, market activity and price appreciation slowed significantly and the market shifted towards a more balanced market as many buyers took a wait-and-see approach to assess the long-term impact of the changes. Affordability is expected to continue to be the dominant concern for buyers in the GTA in 2018. That’s why you need to look into Top 20 Toronto neighborhoods to invest in 2018.

Speculators, gamblers & professional real estate investors are also jumping on the bandwagon to buy new construction condos, houses and townhouses simply for the purpose of flipping. Renter demand in Toronto is so high, that to rent a decent 1 bedroom condo can cost approximately $2500 a month.

The  largest Greenbelt in the world in Golden Horseshoe in Ontario

The Greenbelt is a permanently protected area of green space,farmland, forests, wetlands, and watersheds, located in Southern Ontario, Canada.It surrounds a significant portion of Canada’s most populatedand fastest-growing area—the Golden Horseshoe.

Created by legislation passed by the Government of Ontario in 2005,the Greenbelt is considered a major step in the prevention of urban development and sprawl on environmentally sensitive land in the province.The Government of Ontario states that the Greenbelt includes 800,000 acres (323,748.5 hectares) of land protected by the NiagaraEscarpment Plan and the Oak Ridges Moraine Conservation Plan plus 1 million acres(404,685.6 hectares) of land in the Protected Countryside overarching Greenbelt Plan.That total (7,284 km² or 2,812 mi²) makes this is one of the largest most successful greenbelts in the world.

Ontario has the worlds largest green belt which doesn’t help builders to find cheap land to build houses.

Being a real estate investor there are a few pockets in the GTA where there is a lot of room for appreciation and expansion. It is very difficult to find a detached house in the city of Toronto for less than a million dollars. For the last few years people in Ontario are more focused on getting condos instead of houses. Detached houses are replaced by townhouses & condos. Based upon the last few years we suggest that you look into the following areas in the GTA to invest. We strongly recommend you do your due diligence based on facts, not figures.

There’s a huge infrastructure change happening in Toronto, expansion of highways, transit have also fueled home prices. One of the biggest subway expansions opened on December 18th 2017. There are 2 more major LRTs to finish in 2021 & 2022.  Eglington LRT from Kennedy road to Weston road has added a lot of value to the surrounding areas. The other subway from Finch Ave West to Humber college is going to boost value of real estate in the northwest corner of Toronto.

Highway 407 extension to 115 on schedule for 2019 opening

There are two stages in the second phase: the extension of Highway 407 from Harmony Road to Taunton Road will open to traffic in late 2017, and the extension from Taunton Road to Highway 35/115 (as well as the new Highway 418) will open to traffic in late 2019.

Highway 412 and 418

Although connected to the privately owned 407 ETR, the Highway 407 extension is a separate toll road. The extension, along with Highways 412 and 418, is owned and operated by the Province of Ontario.

As a matter of fact, people who are working in Toronto come as far as Peterborough which is 130 km away. Properties in the Kitchener-Waterloo due to distance to Toronto.

New highways, roads, go transit expansion are going to have huge impact on real estate values.

Please fill up the form to get a copy of Top 20 Toronto neighborhoods to invest in 2018. Your suggestions will be greatly appreciated.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility is very important information. Home owners and Quebec real estate investors can save the headache and money.

Pyrrhotite and pyrite: the differences

“Pyrrhotite is a mineral species composed of iron sulfide and is of a
bronze yellow color, blackening when exposed to air. When it crystallizes in blades, pyrrhotite can produce cracks in the concrete structures.”

“Pyrite is a mineral which is found in stone and produces sulfuric acid when it oxidizes upon contact with humidity and oxygen.
When this phenomenon occurs under foundations, it can cause
the heaving and cracking of the concrete slab.”

(Source: Quebec’s building authority )Quebec

 

Get your copy of
Directory Forgivable Canadian Real Estate Grants
now at
www.GovernmentGrantsCanada.ca

This program grants financial assistance to the owners of
residential buildings whose foundations have been damaged
by the presence of pyrrhotite in order to enable them to get
the necessary work done to ensure the integrity of the
foundations on these buildings.

It applies to a municipality where measures have
been put in place to avoid the risks associated with t
he presence of pyrrhotite in the foundations of residential buildings.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility

You may benefit from this program if the following conditions are met:

The residential unit must serve as a principal residence;
The building must have been damaged by pyrrhotite,
or the building’s foundations must contain at least 0.23 % of pyrrhotite;
Work is needed to ensure the integrity of the building’s foundation.
Other conditions apply.

Financial Assistance Residences Damaged
by Pyrrhotite in Quebec Canada Assistance Offered

This financial assistance covers 75 % of the recognized
eligible costs, up to:

$75,000 if the building does not fall under the Guarantee
Plan for New Residential Buildings;
or

$15,000 if the building falls under the Guarantee Plan
for New Residential Buildings, but where the restoration
work on rooms located in the basement is not covered by this plan.
Eligible Work

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligible work includes:

Replacement of the building’s foundation, including
elements providing access to the building if they
are integrated into the foundation and, if applicable,
reconstruction of the outside siding;
Restoration of the rooms located in the basement.
Non-eligible Work
Landscape, paving of the driveway or alleyways (pavement, asphalt),
restoration or replacement of wood decks or backyard accessories
(pool, spa, shed) are not eligible under this program.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Program Registration

The Société d’habitation du Québec has allocated the management
of the Program for Residences Damaged by Pyrrhotiteto the
municipalities and regional county municipalities (RCM).

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Steps

You must communicate with your municipality or RCM to see
if you are eligible to the program. They will tell you what
documents you need to submit in order to create your file.
A representative from your municipality or RCM will go visit
your residence to determine what work might be eligible.
A representative from your municipality or your RCM will
set the maximum financial assistance to which you are
entitled, based on the recognized eligible costs and
work execution modalities.

You must wait for authorization from the municipality or
RCM before undertaking the work.

The financial assistance will be paid once the work has been
completed and after an inspector from the municipality or
RCM has checked that the work has been completed as agreed.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada For More Information

Contact your municipality or RCM Cet hyperlien s’ouvrira
dans une nouvelle fenêtre.. If you need any additional information,
contact the SHQ Client Relations Centre.

DISCLAIMER

We believe the information contained in this
article to be accurate.It is presented with the
understanding that we are not engaged in
rendering legal,accounting, or investment advice.
When professional assistance is required,
utilize the services of a licensed real estate
broker, lawyer, accountant,
or other consultant as may be required.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada
Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

Quebec Foreclosure Process

Quebec Foreclosure Process starts when a mortgage holder is in default of payment. The mortgage lender issues the home owner a 60-day notice warning them that their mortgage is in default and that their property will be seized if they do not remedy the situation. In most cases, it is assumed that the property owner will find a way to repay the amount owed.

Quebec Foreclosure Process

There are certain Quebec foreclosure process that a mortgage lender or bank must follow before they can start a home foreclosure. The first step in the Quebec  foreclosure process is that a mortgage lender must apply to a court for an order. If there’s a Supreme Court Registry in your local town or city, the mortgage lender is usually required to start the Quebec foreclosure proceedings there, unless you agree to file the papers at a different location.

Quebec Foreclosure Process

 

Once the court has the filed order a “petition for foreclosure” will be sent to you this is a copy of the lender’s foreclosure application to the court. The mortgage lender  can also ask the court to sue you for any amount money that you may still owe on the mortgage.

Right of Appearance

As the home owner in Quebec you have the right to request an Appearance form from the court registry. The Appearance form must be  completed and filed at the court address shown on the petition. The Appearance form requires the mortgage lender or any other person to notify you of any further steps  or filings that relate to your property. If you don’t file the Appearance form, the mortgage lender can proceed without  informing of the legal proceedings or the status of the foreclosure. Once the Appearance form is filed, you will get a document called a “Notice of Hearing”, which tells you when the lender will ask the judge for an order to start the foreclosure process.

Quebec Foreclosure process Redemption Period

The home owner  is given time to “redeem” the mortgage by paying the full amounted owed, plus any interest, costs and taxes to the lender. This time period is called the “redemption period” and it’s length can vary but usual time for this is about 6 months, you can also ask the judge for a longer period of time to get the money required to pay off the mortgage or sell your home. The Quebec foreclosure laws are designed to give the home owner every chance to redeem the mortgage.

Avoiding Quebec Foreclosure process

If you face a potential foreclosure in Quebec, you should take immediate action as per following recommendations from Canadian real estate investment experts.

Contact your lender immediately. Foreclosures are an expensive and time consuming process, so it’s likely your lender will be eager to avoid it if there is a better way for them. Communicate directly with the mortgage lender with your particular situation. You both will find a better resolution than anyone else.

Forbearance :Depending on your situation, here are some options you or your lender might suggest: Ask for extra time to make up your payments Lenders might agree to wait before taking legal action against you and let you work out a repayment plan that is affordable for you

Mortgage Modification : Every  mortgage lender or bank is different. Ask the mortgage lender to change the interest rate to a more manageable level. A lender might also extend the amortization period which will lower monthly payments.

Avoiding Quebec Foreclosure options

Increase the Mortgage amount : Some lenders may offer to spread out missed payments over a longer term. Re-calculate and refinance the mortgage If the home owner have enough equity and meet the lender’s requirements, the lender may increase your mortgage amount.

Consolidation: Home owner  may also refinance by wrapping other debts into your mortgage By putting your 20% – 30% interest debts like credit cards into your mortgage.  Paying them off, and increasing the mortgage amount, you will decrease your overall monthly debt load.  As long as you’re pretty sure you can keep up with payments, it’s not a bad option.

Mortgage Default Insurance If you happen to have hi ratio mortgage on your home then you may get some temporary protection from foreclosure and power of sale in Canada. Default mortgage insurers carry programs that help struggling homeowners to temporarily pay interest only, or to forgive some of your payments.

Canadian private hard money lenders: Consider getting secondary mortgage from a Canadian private hard money lender. They do not care about your credit score, income. All they want to have AACI appraisal to see that there is enough equity.

Family and friends: Asking help from family and friends can be quick solution too. Mom and Dad's bank can be the super choice.

Quebec Foreclosure Process

Sell it for instant cash and fast closing :   One of the best option is for the home owner is to sell their property to Canadian real estate angel investor for cash with fast closing. Save the hassle, legal cost, credit and downsize with pride.

Words of Wisdom

Words of wisdom from Canadian real estate investment expert, Navtaj Chandhoke "Most important for every home owner must have skip a payment plan built in their mortgage. Be aware of all the penalties due to default. One of the worst penalty is interest rate differential which can give you the shock of your life. The property will be  foreclosed if the home owner is not able to repay the full amount that is owed".

Dealing with a looming foreclosure it not easy but if prepare yourself, get in contact with your real estate lawyer.  Be cooperative as possible you can and will make it through the process. Knowing the Quebec foreclosure process professional real estate investors can help home owners and make money.

Quebec Foreclosure Process

 

 

 

Top 10 panic motivated home sellers

Top 10 panic motivated home sellers are looking for fast exit. They are not looking for market value to sell.They want cash now.

Being a Canadian real estate investor we need to find motivated Canadian home sellers.  A homeowner becomes a motivated seller due to circumstances that are beyond their control.

In Canada . it is very hard to predict the situation of their job, their marriage and the weather. Since we have a very high rate of divorces, people need to sell their matrimonial home in a hurry.  At times it is a very messy situation and none of the partners care about the money, all they want to do is punish each other.  A true motivated panic seller is looking for a fast exit in their situation. The number one requirement is cash.

Top 10 panic motivated home sellers

The most dreaded requirements are the lack of time and cash, which are working against the panic home seller. This does not leave many options, they must sell their home no matter what.  At this point the price is irrelevant, it’s just like a fire sale. They need to exit, they need to get out of the situation even if they have to take a fall or a loss by selling their house.

 Here are the top 10 panic motivated home sellers  list.

The top 10 panic motivated sellers are in need of help.

  1. Eviction:

    Eviction is when a homeowner is asked to leave or is being evicted by the sheriff for the non-payment of mortgage payments. This is where the lender or the bank repossess the property. At that time the homeowner is in a panicked situation and looking for a quick solution. At this time the banks, mortgage brokers, and realtors cannot help them. The only person who can help them are Canadian professional angel investors who know how to deal with this type of situation. When a family is being evicted they need to move into a new place without their belongings. When an eviction takes place in Canada their pets are taken away by the humane society of Canada. Usually the family becomes homeless and they are only allowed to carry very few items. The rest of their belongings can be obtained by giving a 24 hour notice.

  2. Foreclosure/Power of Sale:

In Canada we have 2 different systems to foreclose a property. In each province the laws are different even though they are all regulated by the Interest Act. A foreclosure or Power of Sale process gets started once a homeowner is more than 15 days behind their payment. In certain provinces the bank or lender do not have to go to court to start the process.

Top 10 panic motivated home sellers

In other provinces everything is a judicial process which means everything has to be processed through the provincial superior courts. One of the nastiest letters a homeowner can receive is a demand letter. This is a letter that tells the homeowner to pay up or they can be sued in a court of law. At this time the homeowner can become a very highly motivate panic home seller.

  1. Writ of seizure:

Writ of seizure is a civil enforcement directed by the courts. The ownership is seized by the sheriff and the property will be auctioned off to pay off the debtors. The whole process begins when a homeowner is unable to pay his creditor. They get a judgment from a court and the judgment is imposed by a sheriff or a bailiff. This creates a very panicked situation for the homeowner, where other creditors also become alarmed of the situation.

  1. Tax Liens:

In Canada the law states very clearly if you do not pay property taxes your house can be sold for the amount of taxes owing. In each province the laws may be a bit different but have the same implementation. Generally speaking a homeowner who is behind 3 years of property taxes will have their home sold by the city to recover taxes owing.

Top 10 panic motivated home sellers

In some provinces they can sell for only the taxes owed, compared to others where they are seeking current market value. Once a homeowner receives a notice that their house will be sold by an auction or a tender, they hit the panic button.

  1. Inheritance Property:

Since the baby boomers are becoming seniors now, upon their death the properties are merely inherited by the next of kin (children or grandchildren). They have to go through the probate process in each province under the Canada Revenue Agency (taxman). The capital gain which can be a huge sum of money has to be paid to the taxman. When somebody inherits a property they also become aware that they must pay a huge amount of taxes. Since they may not have enough cash to pay the taxes, the inherited owner becomes a panic seller.

  1. Drugs:

Alcohol, gambling, and drugs are becoming quite the norm in Canada. As a matter of fact Canada is going to legalize smoking Marijuana as of July 1 2018. Now these drug users become addicted, which sometimes requires cash. Even drug dealers, when caught, end up losing all their properties to the police or to the taxman. Grow-op houses as well as meth labs are also becoming a huge issue in Canadian real estate, these are stigmatized properties. The current owner or concerned authority sells these properties pennies on a dollar.

  1. Economic Cycle:

In Canada we have Real Estate Booms and Busts. A lot of Canadian get into the habit of speculation and gambling instead of being an investor. When the market turns they want to get rid of all their properties and they become super motivated panic sellers. Recently in Toronto after April 20 2017 an average detached house dropped by over $100,000 in value a month. From April to August, these properties lost an average value of $388,000. Some home buyers and sellers get caught during the transition, now they become super motivated panic sellers. They have the option of taking the loss of filing bankruptcy.

  1. Tired Landlords:

When the Real Estate Market goes up everyone wants to become a real estate investor. Little do they know how difficult it is to become a good landlord. Once they come across a tenant from hell or the market takes a turn they do not want to be a part of real estate. At the same time people who own real estate for a long time become exhausted due to management, maintenance, and the laws. One of the biggest issues they face is the Capital gains. Professional real estate investors have a perfect solutions for these panicked home sellers who are becoming tired.

  1. Ugly Homes:

An average house in Canada requires minimum 1% of its value to maintain it to current standards. Roof, windows, kitchens, washrooms, floorings, and furnace have a lifetime of 10-15 years. To replace them requires a fairly good chunk of money. Since 2/3rd of Canadians live paycheck to paycheck, they tend to ignore or forget about maintenance altogether. These properties become outdated and require serious renovation to bring them up to the standard. They’re known as run-down, fixer upper properties. An average home buyer cannot afford to buy them so they become a target for real estate investors who like to fix and flip them for a profit.

  1. Loss:

Loss of a Job, spouse or death can bring financial disaster. In Canada most families have more than 1 breadwinner due to circumstances beyond their control. Things like loss of job, spouse or sickness can cause them to miss or delay payments. They can only sustain up to 6 weeks unless their financial cash flow reverts. Now they become panic home sellers, thus they have a choice to lose the house to the bank or creditor, or sell it at a fire sale.

Top 10 panic motivated home sellers

These top 10 panic motivated home sellers list can assist you for quick flips for instant profit.

Canadian real estate investors rarely buy any piece of property at market value, they’re always looking for a bargain. Since they have resources for cash and are able to close a deal in a very short period of time, they are able to bank on these opportunities. There’s a new generation of real estate investors who want to make money today, instead of waiting for 10 – 20 years down the road. Do you need to learn how to become such investors? Come and attend the crash course.

Top 10 Strategies for Canadian Real Estate Investors to Make Money

With real estate, people often don’t understand how Canadian real estate investors make money. Professional real estate investors with proper training, coaching and education tend to do it better than speculators and gamblers. Booms happen in the real estate market from time to time, but on average Canadian real estate appreciates 4.73% annually. These are the top 10 ways how Canadian real estate investors make money, but they require proper education, proper training and coaching from Professional Real Estate Investors Group (PREIG) Canada.

Canadian Real Estate Investors

These are the top 10 ways how Canadian real estate Investors make money:

Canadian Real Estate InvestorsQuick Flips:

Canadian Real Estate Investors find deep discounted Canadian real estate for quick flips. These properties owners are facing seizure, pre-foreclosure, pre-power of sale, liens, judgments, and/or circumstances where they must sell the property for cash within days. These panic home sellers are seeking a quick exit and fast solution to sell their home, they do not mind selling the property at a discount Canadian real estate investors put these properties under contract and re-sell that contract before closing which is also known as assignments. You may think that flipping requires cash or credit, but a quick flip only needs proper training by attending the Canadian real estate investment strategy appCanadian Real Estate Investorsrenticeship as well as the Eye-witness Canadian real estate investment training.

Here is the second way of top 10 ways how Canadian real estate investors make money.

Acquiring deep discounted Canadian real estate deals:

To acquire deep discounted Canadian real estate deals, Canadian real estate investors need coaching and eye-witness training to properly use the top 10 sources of finding deep discounted real estate deals. You may be skeptical, but all of the real estate giants who make millions and billions of dollars built their empires on these strategies.

Canadian Real Estate InvestorsLeverage:

To invest in Canadian real estate, leverage is a must. Most of the Canadian real estate investors borrow 100% of the money. That includes the down payment the main source of the down payment can be equity of the house, line of credit, joint ventures, and/or owner financing. This is the only investment that can be leveraged at its maximum, and the rate of return is amazing.

100% financing (investment property):Canadian Real Estate Investors

It’s much easier to finance investment properties up to 100% because you’re able to write off all the interest expenses, majority of the time the down payment, closing cost, renovation cost, and emergency funds are supplied by cash money partners, joint venture partners, or your personal line of credit.

Canadian Real Estate InvestorsAppreciation:

Canadian properties tend to appreciate at average rate of 4.73% annually. Since you are only investing 5-20% of your own capital, the other 95-80% of the capital usually comes from a Canadian banker or lender. The current appreciation is from 10-17% annually because the mortgage rates are so low and the market is booming. This appreciation can make you extremely rich overnight. Toronto has some properties that appreciate over $100,000 a year.

Positive Cash Flow: Canadian Real Estate Investors

Positive cash flow is the only way to invest in Canadian real estate. Your income from rent should be higher than any carrying costs of that property, including mortgage payments, taxes, maintenance and property management. Single family homes have a much smaller cash flow than multi-unit and commercial properties.

Canadian Real Estate InvestorsFurnished accommodation:

One of the biggest mistakes Canadian real estate investors make is to rent out unfurnished rental units. Unfurnished units typically have rent 3-5 times lower than a furnished unit, and with the cost of furnishing being cheap it is always worth it to furnish the unit. To make some extra money in the summer, you can rent out part of your house during the summer time through Air Bed and Breakfast (AirBNB). Over 50,000 Canadians are using this strategy to get extra money from their principle homes.

Mortgage pay down: Canadian Real Estate Investors

One of the most important parts about renting out a unit is the tenant, every time your tenant pays you, you can pay off your mortgage, so in the end the principle amount owing to the bank is being lowered every month. Generally speaking an average Canadian will take 25 years to pay off their mortgage on their own home. This way, your tenant is paying off your mortgage for you, and lowering the amount owed every month.

Canadian Real Estate InvestorsTax Write off:

As a Canadian Real Estate investor, you can write off all business operating expenses against the rental income. A few common expenses are property management, home office, phones, office staff and your car. Your tax accountant can tell you about a lot more as well.

Forgivable Canadian real estate grants: Canadian Real Estate Investors

Investors and first time home buyers are given a lot of opportunities by the Canadian government Sometimes the Canadian government will provide forgivable down payment assistance. If you are a professional Canadian real estate Investor you are also eligible to get several different forgivable grants to upgrade your property. In the in-law basement apartment suite, there are grants available to furnish it.

Canadian Real Estate InvestorsForced appreciation:

Forced appreciation is only for very mature and practical real estate investors. There are several techniques and tactics that a Canadian real estate investor can use to increase the value of their home. You can learn more by attending Canadian real estate investment strategy apprenticeship live.

To utilize these top 10 strategies on how to make money in Canadian real estate, you require a lot of patience and training from fellow Canadian real estate investment experts.